{"id":19460,"date":"2010-11-09T09:25:48","date_gmt":"2010-11-09T17:25:48","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=19460"},"modified":"2010-11-09T09:26:19","modified_gmt":"2010-11-09T17:26:19","slug":"merchant-bails-out-bio-plastics-company","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=19460","title":{"rendered":"Merchant Bails Out Bio-Plastics Company"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/11\/plantic_logo.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/11\/plantic_logo.jpg','popup','width=157,height=103,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/11\/plantic_logo-tm.jpg\" height=\"65\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Plantic Logo\" \/><\/a><strong><a href=\"http:\/\/www.billalbong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> founder <strong>Gordon Merchant<\/strong> has decided to pay $8 million dollars to help save a business that makes biodegradable plastics. <strong><a href=\"http:\/\/www.plantic.com.au\/\" target=\"_blank\">Plantic Technologies <\/a><\/strong>is a Melbourne, Australia-based company that creates &#8220;green&#8221; plastics made from corn starch, according to as story on <strong><a href=\"http:\/\/www.goldcoast.com.au\/article\/2010\/11\/09\/269521_gold-coast-business.html\" target=\"_blank\">Goldcoast,com.au<\/a><\/strong>.<\/p>\n<blockquote><p>Since Plantic&#8217;s shares listed at 64 pence ($1.02) each in 2005, they have fallen to &#8216;penny dreadful&#8217; status, trading around 4 pence for most of the year and creating a sizeable hole in the value of Mr Merchant&#8217;s original investment. . . The businessman, who is currently in the US attending the funeral of surfer <strong>Andy Irons<\/strong>, has proposed a scheme of arrangement where he would acquire the remaining capital of Plantic that he does not already own. . . Mr Merchant made the offer of 8 pence a share on July 24, and this has since boosted the Plantic share price to around the offer level over the past three months. . . The Plantic board has recommended shareholders accept the offer, in the absence of a superior bid.<\/p><\/blockquote>\n<p>Hopefully, it will all work out. The world could use better plastic.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.goldcoast.com.au\/article\/2010\/11\/09\/269521_gold-coast-business.html\" target=\"_blank\">Goldcoast.com.au<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billabong founder Gordon Merchant has decided to pay $8 million dollars to help save a business that makes biodegradable plastics. Plantic Technologies is a Melbourne, Australia-based company that creates &#8220;green&#8221; plastics made from corn starch, according to as story on Goldcoast,com.au. Since Plantic&#8217;s shares listed at 64 pence ($1.02) each in 2005, they have fallen [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[25,10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/19460"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19460"}],"version-history":[{"count":1,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/19460\/revisions"}],"predecessor-version":[{"id":19461,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/19460\/revisions\/19461"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19460"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}